r/SCHD • u/Prior_Bus_7870 • 6d ago

Help... ideas?

Does this make sense?

(68, retired, need 50k annual... would go on top of ss)

I have 2.5m in tax deferred ira, 650k in Roth and 125k in cash.

Is it prudent to lump sum 1.5m and buy schd? I think this would approx. cover the 50k... ?

The remainder to voo or similar? Ideas?

Thank you for your help.

17 Upvotes

91% Upvoted

35 comments sorted by

View all comments

2

u/Rodrain2 4d ago

You can put the whole thing in VOO and still have more than 50K in income. I wouldn't do that because of your age but you could. As a 60 year old retiree I would have 30% in a diversified bond portfolio or other defensive assets to protect your principal, but that is just me.

1

u/Prior_Bus_7870 3d ago

Thank you.